什么是外汇（What is foreign exchange）.docVIP

什么是外汇（What is foreign exchange） Pride hurts, modesty benefits. No not heartless things, into a joke. Birth, death is also a male ghost. As humanity secluded delays sentences, dull remarks died over. A hedge between keeps friendship green., villain. First, what is foreign exchange? Foreign exchange refers to various means of payment expressed in foreign currencies and can be used for international settlement. Two. What is the foreign exchange market? The foreign exchange market refers to the trading networks composed of banks and financial institutions engaged in foreign exchange transactions. It is an invisible market, huge trading volume, 24 hours of continuous trading. Three, what is the exchange rate? Exchange rate is the exchange rate between a countrys currency and another countrys currency. It is usually expressed by the exchange ratio between two currencies. Example: EUR/USD=1.3305 means 1 euro equals 1.3305 dollars. Four, the exchange rate approach In the foreign exchange market, the exchange rate is usually expressed in 5 digit numbers. For example: GBP/USD (pound sterling against dollar) = 1.9423 Five, changes in the exchange rate and the amount of profit calculation 1, the smallest change in the exchange rate is point, the exchange rate represents the last digit of a digital change, known as 1 points (1 point). For example: the Australian dollar against the U.S. dollar (AUD/USD) from 0.7727 to 0.7732, we said that the Australian dollar rose 5 points. Note: in foreign exchange transactions, the sum of all currencies is in relation to the dollar: 1 points equal to $10; gold belongs to precious metals; its point is in relation to the dollar: 1 points equal to $1. 2, the calculation of the amount of profit: The formula for the amount of foreign exchange earnings: Earnings amount = earnings points * $10 * hands The formula for the amount of gold profit: the amount of profit = the amount of earnings x 1 dollars x the number of hands Do more (buy buy) profit cal